Solar Tax Credits Expiring

Tuesday, February 13th, 2018 by Kirk Johnson

As it stands, the solar tax credit will continue to offer 30 percent savings until the end of 2018. For residential and commercial photovoltaic systems put in service after that, the credit amount won’t be quite as generous.

Solar installations completed in 2020 will be eligible for a 26 percent credit, and PV systems that become operational in 2021 will qualify for 22 percent.

After 2021, the ITC is slated to expire for homeowners.

This means that any residential PV system placed in service Jan. 1, 2022, or later won’t benefit from the federal tax credit. Commercial photovoltaic systems can still claim the ITC, but it will only be 10 percent.

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